SIG PLC acquires Drywall Qatar

SIG PLC recently acquired a majority shareholding in Drywall Qatar, a FTSE 250 company listed on the London Stock Exchange with sales in excess of $ 4 billion.

"We are excited to partner with SIG, a leading European player in the construction material procurement sector," Drywall Qatar's Director,George Xydas said. "SIG's financial strength and wide product portfolio of 30,000 products coupled to the key relationships with over 6,000 suppliers will allow Drywall Qatar to provide an even deeper product supply chain and enhanced product offering to both new and existing clients," 

"The acquisition of Drywall Qatar is a key step forward in enhancing SIG's existing operations across the Middle East in UAE, Qatar, Oman and Kingdom of Saudi Arabia," SIG PLC's Managing Director for the SIG Middle East Paul Anderson said. "SIG is delighted to be partnering with the existing management team of Drywall Qatar to accelerate the development of the business and enhance its capabilities to support its customers in larger projects and with a broader product range."